July 25, 2014 Leave a comment
So, what’s the best definition of being wealthy?
Having serious money means being able to pursue your passions and championing the causes you believe in—travel, philanthropy, interaction with amazing people, health improvement… whatever—on your timetable. It means you get to schedule your priorities instead of having to prioritize your schedule.
I mean, that’s a fantastic situation to be in, don’t you think? Being able to go out there and explore and enjoy this magical planet on your own terms. If you’re healthy and happy, how could it get any better than that?
Of course, having money doesn’t buy happiness or love, and it doesn’t buy good health. But I can’t overstate the glorious buzz that financial freedom provides. It is a magical thing.
One more thing, which is sort of icing on the cake for becoming wealthy: you can define yourself earlier in life than other people can. For many, having this opportunity to ascertain one’s business and personal legacy more on your own terms is a true measure of success.
Here are my definitions of ‘enough’ money based on reaching certain thresholds. These levels assume no or very little annual income from working, and again, apply only to funds that are ‘working’ for you (that is, money that is clearly an investment throwing off a dividend or some kind of desired appreciation): Read more of this post